JFrog Ltd. (NASDAQ:FROG) Stock Holdings Increased by Washington Capital Management Inc.

Washington Capital Management Inc. raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 44.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,000 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Washington Capital Management Inc.’s holdings in JFrog were worth $618,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of JFrog by 3.3% during the 2nd quarter. Sei Investments Co. now owns 104,724 shares of the company’s stock worth $3,932,000 after acquiring an additional 3,314 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of JFrog in the 2nd quarter valued at $222,000. Mackenzie Financial Corp raised its holdings in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JFrog by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,427 shares of the company’s stock worth $805,000 after buying an additional 1,368 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of JFrog in the second quarter worth approximately $188,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Price Performance

JFrog stock opened at $35.30 on Thursday. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The company’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $30.76. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.60 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The company had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. During the same period in the prior year, the company posted ($0.10) EPS. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FROG has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird raised their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group upped their price target on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.89.

Insider Activity

In other news, CFO Eduard Grabscheid sold 2,152 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the transaction, the chief financial officer now directly owns 93,597 shares in the company, valued at $3,275,895. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Tali Notman sold 75,635 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the sale, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,933 shares of company stock valued at $11,266,599 over the last 90 days. 15.70% of the stock is currently owned by company insiders.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.